SBV eyes tightening non-bank credit in corporate bonds, property A consumer speaks to a sales assistant about credit services. The State Bank of Viet Nam was looking to tighten credit in corporate bonds and real estate provided by non-bank financial institutions with an aim to ensure safety. — ndh.vn Recently, the central bank made public for comments a draft circular about limits and safety ratios in the operation of non-bank credit institutions. Under the draft, non-bank financial institutions must keep six ratios within limits to ensure safety in operations, including a minimum capital safety ratio, restrictions on providing credit for corporate bonds and shares, solvency ratio, maximum ratio of short-term capital sources used for medium and long-term loans, ratio of investing in Government bonds and Government-guaranteed bonds and limits on capital contribution and share purchase. The minimum capital safety ratio aimed to enhance the financial institution’s resistance to market shocks. Under the draft, the minimum capital safety ratio would be 9 per cent, the same as the current regulation. However, the risk coefficients were adjusted higher for risk-weighted sectors, such as the high-end property sector. Accordingly, credit guaranteed by houses and land ownership rights provided for individuals to buy social…